New Boise State football coach Bryan Harsin agreed to a five-year, $6.5 million contract, according to a material term sheet signed by Harsin and Athletic Director Mark Coyle on Wednesday.

Boise State released the term sheet to the Idaho Statesman late Thursday afternoon.

Harsin will be formally introduced as Boise State’s coach Friday at 11 a.m.

Harsin’s salary starts low — at $1 million each for the first two years. It climbs to $1.3 million in 2016, $1.55 million in 2017 and $1.65 million in 2018.

He has a $2 million buyout for the first two years of the contract. That drops to $1.75 million in the third year and $500,000 in the fourth year.

Harsin, 37, will be provided a budget of $2.2 million for his nine full-time assistant coaches. According to USA Today, Boise State’s assistants made $2,436,390 in 2013. Colorado State was No. 2 in the Mountain West in assistant pay with a pool of $1.52 million.

Boise State will pay Harsin’s $1.75 million buyout to Arkansas State, his previous employer. Harsin made $724,597 at Arkansas State in 2013.

The school has not said exactly how the buyout will be paid. But between former coach Chris Petersen’s $750,000 buyout from Washington and the $1.348 million drop from Petersen’s salary to Harsin’s, the school is more than covered.